Text stocks took a particularly big hit amid concerns that the fed might raise rates again soon. Snap meta, apple and alphabet were all down. Bitcoin an etherium peaked in november, now down roughly 50 %. As i said, vices are down on start ups because valuations are down. Venture money into start ups total forty seven billion. The only way to get your arms round inflation as raise interest rates. We have never been able to raise interest rates like this without going into recession.
Kara and Scott ponder the market slide and where its worst impacts will be felt, and discuss legal efforts to jump-start a Post-Roe society. Plus, Elon thinks he can quintuple Twitter’s revenue in the next six years, and Meta is going physical. Today's Friend of Pivot is Kirsten Grind, the co-author of of “Happy at Any Cost,” about former Zappos CEO, Tony Hsieh.
You can find Kirsten on Twitter at @KirstenGrind.
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